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Summary Box: Empire State Building owner plans IPO
Published: Mon, Feb 13, 2012
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GOING PUBLIC: The company that runs Manhattan's Empire State Building and several other properties in New York is planning to launch an initial public offering. BILLION-DOLLAR RAISE?: Empire State Realty Trust's regulatory filing did not say how many shares might be involved in the IPO or what price they may... Read More
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GOING PUBLIC: The company that runs Manhattan's Empire State Building and several other properties in New York is planning to launch an initial public offering. BILLION-DOLLAR RAISE?: Empire State Realty Trust's regulatory filing did not say how many shares might be involved in the IPO or what price they may... Read More
Spain approves labor reforms to boost sick economy
Updated: Fri, Feb 10, 2012
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MADRID (AP) — Spain's new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe's worst unemployment nightmare — a jobless rate of nearly 23 percent. The plan is designed to encourage companies to hire more people by cutting... Read More
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MADRID (AP) — Spain's new conservative government approved sweeping labor market reforms Friday as part of a drive to revive a sick economy and solve Europe's worst unemployment nightmare — a jobless rate of nearly 23 percent. The plan is designed to encourage companies to hire more people by cutting... Read More
How states fared on unemployment aid applications
Updated: Thu, Feb 9, 2012
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Weekly applications for unemployment aid fell to nearly a 4-year low last week, a positive sign that the job market's recent improvement is continuing. Here are states with the biggest changes in applications. The state-by-state data is for the week ended Jan. 28, one week behind the national data. Read More
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Weekly applications for unemployment aid fell to nearly a 4-year low last week, a positive sign that the job market's recent improvement is continuing. Here are states with the biggest changes in applications. The state-by-state data is for the week ended Jan. 28, one week behind the national data. Read More
Unemployment aid applications near a 4-year low
Updated: Thu, Feb 9, 2012
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WASHINGTON (AP) — The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months. The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the... Read More
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WASHINGTON (AP) — The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months. The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the... Read More
Cisco beats estimates with 2Q earnings, sales
Updated: Wed, Feb 8, 2012
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NEW YORK (AP) — Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it. Cisco Systems Inc. has emerged leaner after a round of layoffs and a narrowing of its focus. Net... Read More
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NEW YORK (AP) — Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it. Cisco Systems Inc. has emerged leaner after a round of layoffs and a narrowing of its focus. Net... Read More
Earned income tax credit is often overlooked
Updated: Tue, Feb 7, 2012
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Twenty percent of taxpayers eligible for a key tax credit don't claim it on their federal returns. More than 26 million workers received earned income tax credits averaging $2,240 last year — but roughly 6.5 million left potentially thousands of dollars on the table by skipping the credit. Read More
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Twenty percent of taxpayers eligible for a key tax credit don't claim it on their federal returns. More than 26 million workers received earned income tax credits averaging $2,240 last year — but roughly 6.5 million left potentially thousands of dollars on the table by skipping the credit. Read More
Job openings jump to near a 3-year high
Updated: Tue, Feb 7, 2012
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WASHINGTON (AP) — The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring. Companies and governments posted 3.38 million jobs in December, the Labor Department said Tuesday. That's up from the 3.12 million... Read More
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WASHINGTON (AP) — The number of available jobs in the United States jumped in December to near a three-year high, supporting other data that show a brighter outlook for hiring. Companies and governments posted 3.38 million jobs in December, the Labor Department said Tuesday. That's up from the 3.12 million... Read More
Greece caves in on civil service firings
Updated: Tue, Feb 7, 2012
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ATHENS, Greece (AP) — Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements. The announcement Monday signals a shift in Greece's... Read More
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ATHENS, Greece (AP) — Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements. The announcement Monday signals a shift in Greece's... Read More
Nation, world business briefs
Published: Tue, Feb 7, 2012
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Nation, world business news in brief Read More
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Nation, world business news in brief Read More
Electric car maker Fisker: Layoffs in Del., Calif.
Updated: Mon, Feb 6, 2012
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DOVER, Del. (AP) — Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government, said Monday that it has laid off workers in Delaware and California. The layoffs include 26 workers at a former General Motors plant in Wilmington that Fisker is retooling to... Read More
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DOVER, Del. (AP) — Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government, said Monday that it has laid off workers in Delaware and California. The layoffs include 26 workers at a former General Motors plant in Wilmington that Fisker is retooling to... Read More
Tracy Morgan's mother upset over money issues
Published: Fri, Feb 3, 2012
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YOUNGSTOWN, Ohio (AP) — Comedian and "30 Rock" cast member Tracy Morgan is feuding with his mother, a cancer survivor laid off for a year and facing possible foreclosure in Ohio. Alicia Warden told The (Youngstown) Vindicator (http://bit.ly/AdH1ZV) on Thursday that she asked Morgan last year for help with a $463... Read More
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YOUNGSTOWN, Ohio (AP) — Comedian and "30 Rock" cast member Tracy Morgan is feuding with his mother, a cancer survivor laid off for a year and facing possible foreclosure in Ohio. Alicia Warden told The (Youngstown) Vindicator (http://bit.ly/AdH1ZV) on Thursday that she asked Morgan last year for help with a $463... Read More
Miami boat manufacturer to lay off 112
Published: Fri, Feb 3, 2012
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Tracker Marine plans to lay off 112 workers at its Miami boat-making facility after moving one of its production lines to Clinton, Mo. Read More
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Tracker Marine plans to lay off 112 workers at its Miami boat-making facility after moving one of its production lines to Clinton, Mo. Read More
How states fared on unemployment aid claims
Updated: Thu, Feb 2, 2012
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Applications for unemployment benefits fell last week for the third time in five weeks, signaling modest improvement in the job market. Here are states with the biggest increases and decreases in claims. The state-by-state data are for the week ending Jan. 21, one week behind the national figures. Read More
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Applications for unemployment benefits fell last week for the third time in five weeks, signaling modest improvement in the job market. Here are states with the biggest increases and decreases in claims. The state-by-state data are for the week ending Jan. 21, one week behind the national figures. Read More
Spain crisis hits Barcelona opera house
Published: Thu, Feb 2, 2012
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MADRID (AP) — Barcelona's renowned Liceu opera house says it must cancel shows and close its doors for two months because of the economic crisis hitting Spain. The theater says in a statement it is running a deficit of €3.7 million ($4.87 million) following cutbacks in government subsidies and a drop in... Read More
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MADRID (AP) — Barcelona's renowned Liceu opera house says it must cancel shows and close its doors for two months because of the economic crisis hitting Spain. The theater says in a statement it is running a deficit of €3.7 million ($4.87 million) following cutbacks in government subsidies and a drop in... Read More
Tulsa to lose 2,100 American Airlines jobs
Published: Thu, Feb 2, 2012
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American Airlines executives announced Wednesday the company plans to cut up to 2,100 jobs in Tulsa. Read More
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American Airlines executives announced Wednesday the company plans to cut up to 2,100 jobs in Tulsa. Read More
Microsoft cuts about 200 marketing employees
Updated: Wed, Feb 1, 2012
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LOS ANGELES (AP) — Microsoft Corp. said it laid off some of its marketing staff on Wednesday as part of an effort to restructure its operations. The company did not specify how many of its 92,000 employees were let go, but a person familiar with the software maker's strategy said about 200 people lost their... Read More
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LOS ANGELES (AP) — Microsoft Corp. said it laid off some of its marketing staff on Wednesday as part of an effort to restructure its operations. The company did not specify how many of its 92,000 employees were let go, but a person familiar with the software maker's strategy said about 200 people lost their... Read More
Biogen 4Q profit rises as sales increase
Published: Tue, Jan 31, 2012
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WESTON, Mass. (AP) — Drugmaker Biogen Idec Inc.'s fourth-quarter profit grew 25 percent on cost savings from job cuts and increasing sales of its multiple sclerosis treatments. Biogen said its profit rose to $300.2 million, or $1.22 per share, from $240.3 million, or 99 cents per share. The company said it... Read More
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WESTON, Mass. (AP) — Drugmaker Biogen Idec Inc.'s fourth-quarter profit grew 25 percent on cost savings from job cuts and increasing sales of its multiple sclerosis treatments. Biogen said its profit rose to $300.2 million, or $1.22 per share, from $240.3 million, or 99 cents per share. The company said it... Read More
Report says Philly newspaper co. is again for sale
Published: Mon, Jan 30, 2012
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PHILADELPHIA (AP) — The company that operates Philadelphia's two largest newspapers is up for sale again, less than a year and a half after creditors took them over, according to a published report. The New York Post said Philadelphia Media Network is for sale for $100 million. In a September 2010 bankruptcy... Read More
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PHILADELPHIA (AP) — The company that operates Philadelphia's two largest newspapers is up for sale again, less than a year and a half after creditors took them over, according to a published report. The New York Post said Philadelphia Media Network is for sale for $100 million. In a September 2010 bankruptcy... Read More
Hundreds of prison employees get layoff notices
Updated: Fri, Jan 27, 2012
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SACRAMENTO, Calif. (AP) — California prison officials have sent layoff notices to 545 employees, including 140 guards, as the inmate population declines to comply with a federal court order. Corrections officials said Friday there are 14,000 fewer inmates than four months ago, when a new law began sending those... Read More
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SACRAMENTO, Calif. (AP) — California prison officials have sent layoff notices to 545 employees, including 140 guards, as the inmate population declines to comply with a federal court order. Corrections officials said Friday there are 14,000 fewer inmates than four months ago, when a new law began sending those... Read More
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